Georgia Gaming Market Assessment - Pennsylvania Treasury

Mt. Airy
Mount Airy Casino Resort is located in Mount Pocono about 45 minutes from the Wilkes-
Barre/Scranton International Airport. The resort offers over 2,250 slot machines and 74 tables.
Mount Airy has a 188-room hotel, spa, entertainment center, nightclub, golf course, meeting
space for up to 150 people, 8 restaurants, and 2 bars. The resort also offers snowmobiling in the
winter time and shuttle services between the resort and the Mall at Steamtown on the weekends
throughout the year. Mount Airy also partners with bus companies to provide transport for
customers from New York City, Northern New Jersey, and several cities throughout
Pennsylvania. Mount Airy opened in 2007, and unlike the other Eastern Region facilities, it has
actually reduced its number of gaming positions since opening. The resort opened in 2007 with
over 2,500 slots and has removed about 250 since then. Revenue has declined each year;
however, through the first four months of 2011 revenue has increased nearly 27.5%. The
increase in revenue, combined with the decrease in positions, means that win per position is at its
highest level since 2008 reaching $193.82 in April 2011. The table below shows Mount Airy’s
historical performance since opening.
Year Slot
Revenue
Slots Win Per
Slot
Mt. Airy Historical Performance
Tables Table Revenue Win Per
Table
Total Revenue WPP
2007 $25,745,832 2,524 $139.75 0 $0 $0 $25,745,832 $139.75
2008 $176,389,714 2,521 $191.15 0 $0 $0 $176,389,714 $191.15
2009 $164,634,128 2,506 $180.02 0 $0 $0 $164,634,128 $180.02
2010 $143,811,645 2,415 $163.14 75 $19,466,397 $1,697.93 $163,278,042 $156.15
Jan 2011 $10,522,147 2,450 $138.55 80 $2,969,761 $1,199.98 $13,491,907 $148.60
Feb 2011 $11,294,306 2,449 $164.73 73 $2,337,155 $1,146.56 $13,631,461 $168.72
Mar 2011 $12,230,889 2,327 $169.55 72 $3,482,472 $1,560.25 $15,713,361 $183.72
Apr 2011 $12,593,813 2,275 $184.53 72 $3,146,009 $1,456.49 $15,739,823 $193.82
Jan-Apr 2010 $45,963,721 2,453 $156.04 0 $0 $0.00 $45,963,721 $156.04
Jan-Apr 2011 $46,641,155 2,375 $164.34 74 $11,935,397 $1,340.82 $58,576,551 $173.72
% Change 10-11 1.47% -3.18% 5.32% N/A N/A N/A 27.44% 11.33%
Source: Pennsylvania Gaming Control Board; Innovation Group
Bethlehem – Allentown Market
Sands Bethlehem
Sands Casino and Resort, located in Bethlehem, is owned and operated by Las Vegas Sands
Corporation, which owns The Venetian and Palazzo in Las Vegas and multiple casinos in
Macau. This stand-alone casino is located 60 minutes from downtown Philadelphia. The
original plan for the casino called for multiple phases, with the first phase including a casino,
300- room hotel and convention center. The second phase included 1,200 residential units and a
retail component. The casino opened in May 2009 with a limited program from the original
plan, but an expansion on Memorial Day weekend 2011 included the 300-room hotel. The
casino currently offers 3,000 slot machines, 100 table games, 7 restaurants including 2 operated
by Emeril Lagasse, 2 bars, a night club, meeting space for up to 175 people, a 300-room hotel,
and buses that run daily between the casino and New York, Philadelphia, and North Jersey. The
casino also has a parking garage with capacity for 6,000 cars. Through the first four months of
The Innovation Group Project #054-11 August 2011 Page 25